Common use of Grant of Performance Stock Units Clause in Contracts

Grant of Performance Stock Units. The Company hereby grants to the Employee an Award of Performance Stock Units (such number to be determined as set forth in Section 4(b) based on a target award of ____________ Performance Stock Units) on the terms and conditions set forth herein and in the Plan. Each Performance Stock Unit represents the right of the Employee to receive the payment of one Share on the date that payment is made.

Grant of Performance Stock Units. The Company hereby grants to the Employee an Participant on the Grant Date a Performance Award (the “Award”) consisting of Performance the target number of Stock Units (such number to be determined as set forth in Section 4(b) based on a target award of ____________ the “Performance Stock Units”) on the terms and conditions set forth herein and in above (the Plan“Target Award”). Each Performance Stock Unit represents the conditional right to receive, without payment but subject to the conditions and limitations set forth in this Agreement and the Plan, one share of Stock (each, a “Share” or together, the Employee to receive the payment of one Share on the date that payment is made“Shares”).

Grant of Performance Stock Units. The Company hereby grants to the Employee an Award of Performance Stock Units (such number to be determined as set forth in Section 4(b) based on a target award of ____________ Performance Stock Units) Units on the terms and conditions set forth herein and in the Plan. Each Performance Stock Unit represents the right of the Employee to receive the payment of one Share on the date that payment is made.

Grant of Performance Stock Units. The Company hereby grants to the Employee an Award of Performance Stock Units (such number to be determined as set forth in Section 4(b) based on a target award of ____________ [insert number] Performance Stock Units) on the terms and conditions set forth herein and in the Plan. Each Performance Stock Unit represents the an unfunded, unsecured right of the Employee to receive the payment of one Share share of Stock (a “Share”) on the date that payment is mademade with respect to the Performance Stock Unit.